West Eric 4

What Happened

• Eric West, Chief Financial Officer of Aqua Metals, acquired 28,390 shares of Aqua Metals common stock on 2026-02-13 at $4.72 per share, for a total cash value of approximately $134,001. The transaction is reported as an acquisition (code A) and was made under the Aqua Metals, Inc. 2026 Employee Stock Purchase Plan (ESPP).

Key Details

• Transaction date and price: 2026-02-13 — 28,390 shares @ $4.72 each (total ≈ $134,001).
• Filing date: 2026-02-17 (filed timely given the 2-business-day rule and the Feb 16 holiday).
• Transaction type: Acquisition via ESPP (reported as code A).
• Shares owned after transaction: Not specified in the filing; the filing notes that reported beneficial ownership includes 37,703 shares underlying restricted stock units (RSUs) that are unvested and not yet deliverable.
• Footnotes: F1 confirms the acquisition was pursuant to the 2026 ESPP. F2 clarifies inclusion of 37,703 unvested RSU shares in reported ownership.

Context

• This was a purchase under a company ESPP (an employee stock purchase), which is a common way for insiders to acquire stock; purchases are often interpreted by investors as a positive signal but do not by themselves indicate future company performance.
• The RSUs cited are unvested and not immediately deliverable; they represent potential future shares rather than current, sellable holdings.